Upmarket confectioner Hotel Chocolat has become the latest high street name to attract interest from private equity firms, after it emerged PwC is working to explore future options for the company.

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One UK private equity firm said the company was a “high-quality” business likely to attract offers from the mid-market if put up for sale, and would be expected to fetch 10 times earnings before interest, taxes, depreciation and amortisation placing a £50m value on the business
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PwC declined to comment. Hotel Chocolat said it continued to be “the subject of various approaches”.